A notable insider purchase on March 8, was reported by Michael B Luu, VP at California Water Servs Gr (NYSE:CWT), based on the most recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Luu purchased 1,616 shares of California Water Servs Gr. The total transaction amounted to $73,317.
During Friday's morning session, California Water Servs Gr shares down by 0.0%, currently priced at $46.24.
Unveiling the Story Behind California Water Servs Gr
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
California Water Servs Gr: Delving into Financials
Revenue Growth: California Water Servs Gr's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue ...